AN ACT TO AMEND SECTION 25-11-401, MISSISSIPPI CODE OF 1972, TO AUTHORIZE INTERNS AND RESIDENTS IN TRAINING AT THE UNIVERSITY OF MISSISSIPPI MEDICAL CENTER AND THE COLLEGE OF VETERINARY MEDICINE AT MISSISSIPPI STATE UNIVERSITY TO BE ELIGIBLE TO PARTICIPATE IN THE OPTIONAL RETIREMENT PROGRAM; AND FOR RELATED PURPOSES.

25-11-401. There is established an optional retirement program for employees of the state institutions of higher learning included in Section 37-101-1 who are appointed or employed after July 1, 1990. To be eligible to participate in the optional retirement program, a newly appointed employee must:

(a) (i) Hold a teaching or administrative faculty position, or

(ii) Hold a position as an intern or resident in training at the University of Mississippi Medical Center or the College of Veterinary Medicine at Mississippi State University under a teaching program at those institutions; and

(b) Be eligible for membership in the Public Employees' Retirement System of Mississippi.

SECTION 2. This act shall take effect and be in force from and after July 1, 2001.